China

CHINA: 'Pacific Rim' Holds Against Strong 'Tiny Times 2' Debut on August 14, 2013

pacificrimchina.jpgPacific Rim is still hot in China but it has tough competition ahead. Tiny Times 2, the sequel to the controversial smash hit released earlier this year, brought in a strong $26.9 million over its first four days in release. Pacific Rim was able to hold to its record breaking lead from last week, however, adding another $33.6 million to reach a total of $79.5 million in China. Guillermo del toro's high concept tentpole will see the biggest boost in its overseas box office numbers from China, where Pacific Rim is already Warner Bros.'s highest grossing release of all time in the market. If Pacific Rim can hold in coming weeks, there is a chance for the film to gross more in China than in North America. 

Fast & Furious 6 is another big performer in China. The Fast sequel brought in $8 million last week and reached a $63 million total in the market.

Two of Sony's troubled releases have saved face in China. After Earth is culminating a month-long run with a $34.5 million cume, while White House Down is still putting up a fight in its third week by adding $1.61 million to reach a $27.9 million total.

Top 10 Films in China. August 5-11, 2013.

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Data Courtesy of EntGroup

 

TODAY'S HEADLINES: China Film Group resolves stand off with MPAA on August 14, 2013

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China Film Group has resolved its months-long standoff with US studios, promising to pay back all money owed. [Hollywood Reporter]

China green lights Smurfs 2 translation, denies World War Z. [Variety]

Kar Wai's The Grandmaster gets Martin Scorsese's vote for upcoming awards season. [Screen Daily]

 

MPAA Weighs In On China VAT Tax Issue: "The payment process has recommenced" on August 14, 2013

The official press release: 

WASHINGTON - The following is a statement from Motion Picture Association of America, Inc. (MPAA) Chairman and CEO Senator Chris Dodd on the resolution of the Chinese value-added tax payment issue:

"The MPAA understands that the China Film Group stopped payments owed to MPAA studios in China pending resolution of the application of a new value-added tax (VAT) due to be implemented nationwide as of August 1.

We are pleased to hear that the Chinese government has addressed the matter and all money due will be paid in full. It is our understanding that the payment process has recommenced.

The U.S. and Chinese film industries enjoy a close and productive relationship and the MPAA is grateful to our counterpart, the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT) for their commitment in resolving this matter favorably. We look forward to further strengthening our ties with SAPPRFT as the Chinese screen community continues its path to becoming a global powerhouse in the international entertainment market."

 

TODAY'S HEADLINES: Twelve Asian films have been added to Toronto Film Festival lineup on August 13, 2013

wolf_wu_jing.jpgTwelve Asian films have been added to the Toronto International Film Festival lineup, doubling the previous amount. [Film Business Asia]

Touch of Sin director Jia Zhangke has announced a November release date for his best-screenplay winning film, which many doubted would be released due to provocative subject matter. [Hollywood Reporter]

Screen fighter Wu Jing makes his directing debut with WOLF. [Twitch]

IMAX is suing GDC Technology after the company allegedly stole its technology and sold it to China film companies. [Deadline]

 

TODAY'S HEADLINES: China's state council to discuss box office tax issue on August 07, 2013

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China's state council will discuss issues concerning box office taxation, which have postponed payments to Hollywood for several months. [The Hollywood Reporter]

Beijing Film Market partners with Warsaw Film Foundation to launch China-Eastern Europe Film Promotion Programme. [Screen Daily]

Over 200 Chinese-language films were submitted to the 50th Golden Horse Awards, up from last year. [Film Business Asia]

Interview with Fan Bingbing, Chinese superstar and lead in new film One Night Surprise. [China Daily]

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